Axis Bank is broadening its corporate banking services beyond just lending. The lender targets fee income and low-cost deposits from corporate ecosystems. It handles collections, payments, trade finance, and salary accounts for businesses. Investment banking and wealth management services are also offered to companies and their promoters. This strategy aims to build liability and fee franchises by managing more corporate cash flows.
Zaggle plummets to 52-week low after disappointing Q1 results
After a disappointing quarterly performance, Zaggle Prepaid Ocean Services saw its stock reach a 52-week low. Despite an increase in revenue, profits dwindled, affecting how